Area served India Headquarters India | Website www.evereadyindia.com Founded 1905 | |
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Stock price EVEREADY (NSE) ₹ 231.75 +0.35 (+0.15%)10 Mar, 11:08 AM IST - Disclaimer Profiles | ||
Eveready Industries India Ltd. (EIIL), formerly Union Carbide India Limited, is the flagship company of the B.M. Khaitan Group. The Eveready brand has been present in India since 1905.
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EIIL's principal activities are the manufacture and market of batteries, flashlight cases, electrolytic manganese dioxide and arc carbons. It also manufactures photo-engravers plates/strips for printing, castings, hard facing and tube rods, carbon electrodes and other related products. The company also produces and markets tea. The Group's operating facilities are located at Kolkata, Chennai, Hyderabad, NOIDA, Gurgaon and Navi Mumbai. During the fiscal year 2002 the group sold its wholly owned subsidiaries Dufflaghur Investments Limited and Natex Investment and Marketing Limited. Batteries accounted for 51% of fiscal 2002 revenues; tea, 38%; flashlight cases, 9%; electrolytic manganese dioxide, 1%; purchased products, 1% and others, nominal.
EIIL is the world’s third largest producer of carbon zinc batteries, selling more than a billion units a year. EIIL is India’s largest selling brand of dry cell batteries and flashlights (torches), with dominant market shares of about 46% and 85% respectively.
Early history
EIIL started its operation in India in 1905. The first dry cell batteries were imported from the USA and sold in the major cities of the country. These batteries were primarily used in imported torches.
In 1939, the company set up its first battery plant in Kolkata. This was followed by another battery manufacturing plant in Chennai in the year 1952. A torch manufacturing plant was set up at Lucknow in 1958. Today it is one of the largest torch manufacturing plants in South East Asia. The plant manufactures the full range of brass, aluminium and plastic torches.
In 1969, the now infamous factory in Bhopal was opened.
Success
By the time of the Bhopal Disaster in 1984, the company was ranked twenty-first in size among companies operating in India. It had revenues of Rs 2 billion (then equivalent to US$170 million). Fifty-one percent of the company (known at the time as UCIL) was owned by Union Carbide Corporation; remaining shares were held by 24,000 stockholders. Ten thousand people were employed in five operating divisions that manufactured batteries, carbon products, welding equipment, plastics, industrial chemicals, pesticides, and marine products. EIIL became part of the Williamson Magor Group through McLeod Russel Ltd in the latter half of 1994 following the sale of Union Carbide Corporation's stake in UCIL. UCIL is primarily a dry-cell battery manufacturer at the time, but as part of the Williamson Magor Group EIIL launched three brands of packet tea under the Greendale Brand umbrella - Tez, Jaago and Premium Gold. Coupled with EIIL’sbrands of packet tea are now easily available in most states in India. In 1997, the Eveready brand was extended to its packet tea business. McLeod Russel Ltd. eventually merged with Eveready Industries.
EIIL has the licence for the Eveready brand only in India, Bhutan and Nepal from Energizer Holdings, so it had to create a new brand for export to other markets where Energizer Holdings still has the rights to the Eveready brand. The brand LAVA was launched in 1999. LAVA batteries and flashlights have been sold in Dubai, Bahrain, Jordan, Sudan, Egypt, Bangladesh, Mauritius, Sri Lanka, Azerbaijan, Mexico, US, Lebanon, Saudi Arabia, Ethiopia and Nigeria.
In 2005, EIIL celebrated its 100 anniversary in India. That same year, EIIL separated its bulk tea business and de-merged McLeod Russell. EIIL also acquired the ailing BPL Soft Energy System in 2005.
Milestones
The Bhopal Disaster took place in the early hours of the morning of December 3, 1984, in the heart of the city of Bhopal in the Indian state of Madhya Pradesh. A Union Carbide subsidiary pesticide plant released 40 tonnes of methyl isocyanate (MIC) gas, immediately killing nearly 3,000 people and ultimately causing at least 15,000 to 22,000 total deaths. Bhopal is frequently cited as one of the world's worst industrial disasters. The International Medical Commission on Bhopal was established in 1993 to respond to the disasters.
Products
Eveready Industries have business interests spreading across batteries, flashlights, lighting solutions, alternative lighting solutions, and packed Tea.
Batteries
Flashlights
Lighting Solutions
Marketing
In 1992, Rediffusion Y&R, the agency on record, cracked the ‘Give me Red’ tagline that Eveready Industry continues to use. In 2004, Amitabh Bachchan was appointed as brand ambassador for a period of two years, during which the agency came up with another ‘Give me Red’ campaign. Following the Bachchan ads, it was only earlier in 2009 that Eveready released an ad titled ‘Boxing’.
Eveready Industries has launched an advertising campaign for Eveready Ultima to highlight its latest offering, Eveready Ultima Batteries. The entire animation has been worked on by creating controlled trails of light concept which is derived out of light painting. Recognizable shapes were made with a torch and captured on a digital still camera. The film comprises over 3000 such photographs, played back quickly, one after the other, like in a flicker book.